AC starts freezing Hassan, Hussain’s assets

Islamabad - Accountability Court Islamabad has initiated the process of forfeiting assets in the names of Hassan and Hussain Nawaz, sons of former prime minister Nawaz Sharif, for willfully absconding the court proceedings in the corruption references against them.

On Tuesday, the SECP presented the details of shares of both Hassan and Hussain Nawaz in six companies registered with the commission.

The court directed the SECP to freeze shares of the two in these companies and initiated the process of forfeiting other properties in the names of both the sons of former premier. The court had already initiated the process of declaring Hassan and Hussain Nawaz as proclaimed offenders and freezing of their movable and immovable properties in their names was also part of the exercise. Their cases were already separated from rest of the accused in these corruption references.

The 30 days deadline for declaring them as proclaimed offenders would be expiring on Nov.8 and if they would not turn up before the court by the deadline both Hassan and Hussain Nawaz Sharif would be declared as proclaimed offenders and their perpetual arrest warrants would be issued, a legal expert informed.

Defending Hassan and Hussain Nawaz’s absence from the court proceedings, the PML-N leaders said that as both of them were foreign nationals so they could not be tried under the local laws.

But the legal experts said that as the origin of their alleged crime was rooted in Pakistan and loot and plunder of public money was involved in these cases so the NAB court was fully competent to try them and even could use its powers to bring them back through Interpol.